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£3000 energy debt, just moved house will I need to stay with same supplier?

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Comments

  • spiro
    spiro Posts: 6,405 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you stay with nPower at your new address then you will remain their customer and be offered some protection under their licence in terms of things like 'prepayment debt recovery rate'. Did you agree to the £30 per week at the old address because they have to take into account ability to pay?

    Once you are no longer a customer they can sell your debt and then you are at the mercy of a Debt Collection Company who may add all sorts of charges. They will also try to get 'blood out of a stone'.
    IT Consultant in the utilities industry specialising in the retail electricity market.

    4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).
  • undaunted
    undaunted Posts: 1,870 Forumite
    Firstly what reason is there to believe Npower would sell the debt (usually for a fraction of its worth) rather than recover all of their money over time and what protection has the poster seen so far?

    Secondly Even if the above were to happen any debt collection company may still have to take you to court to get any money - they have no right to enter your property, take your goods etc.

    No new supplier is going to cut the poster off, make you pay the £30 pw or fit a PPM over any debt to Npower. Allow Npower to supply you however and with that level of debt they could well seek to do so or once again bully you into paying the £30pw you say you can't afford. Seeking free independant advice & perhaps making an application to the above Trust is definitely your best bet in my opinion (you would have to be able to show a sustainable position for the future to get help from it though)
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